During a short debate on 1 February 2011, Lord Faulkner of Worcester expresssed cautious optimism on the future of the Railway Heritage Committee:

"The status and role of the Railway Heritage Committee is about to change as a result of the Government's decision to include it in the Public Bodies Bill. I shall not anticipate the debate that we are due to have in Committee on that Bill, other than to say that we are very close indeed to agreeing a way forward that would provide for the statutory powers and duties of the committee to be transferred to the Science Museum."